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jaspinder kaur jaspinder kaur
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5 years ago
A firm in a competitive industry faces the following short-run cost and revenue conditions: ATC = $16; AVC = $8; and MR = MC = $12. This firm should

• expand production and keep price constant.

• shut down.

• continue to operate at the same price and output level in the short run.

• decrease production and raise its price.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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IsackIsack
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#1
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5 years ago
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jaspinder kaur Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
brina10
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Yesterday
This site is awesome
Gamiung3657
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2 hours ago
Thank you, thank you, thank you!
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